Bibliographic Details
| Title: |
LME to Launch Steel Futures Giving Access to Shanghai Prices. |
| Source: |
Bloomberg.com. 6/17/2026, pN.PAG-N.PAG. 1p. |
| Subject Terms: |
*Commodity futures, *Commodity exchanges, *Prices, *Futures market, *Foreign investments, Rolled steel |
| Geographic Terms: |
China, Shanghai (China) |
| Company/Entity: |
London Metal Exchange Ltd. , Shanghai Futures Exchange (Company) |
| Abstract: |
The article focuses on the London Metal Exchange’s (LME) plan to launch a steel futures contract linked to Shanghai prices, specifically the hot rolled coil (HRC) contract settling against the Shanghai Futures Exchange’s (SHFE) monthly US dollar HRC price. This initiative represents a step toward the internationalization of Chinese commodities futures and aligns with China’s strategy to open its capital markets and increase foreign participation. The SHFE has previously allowed qualified foreign investors to trade nickel futures as part of this effort, which also supports the yuan’s global currency ambitions. The collaboration aims to provide global investors easier access to a highly liquid steel contract while maintaining the simplicity of trading on the LME. [Extracted from the article] |
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| Database: |
Business Source Index |